Home equity is one of the biggest contributors to household wealth. According to a Census Bureau report, two assets—home equity and retirement accounts—account for 63 percent of American households’ net worth. Yet, prior to the COVID-19 pan…
With 2020 finally behind us, co-op shareholders and condominium owners are looking forward - and their boards are seeking to make improvements and changes that reflect both the crises of the past year and issues put on hold as the pandemic …
The COVID-19 pandemic has wreaked havoc on many segments of the real estate market in the past year. A recent article in The New York Times notes that many home markets have been very active and have seen prices increase - with the exce…
According to recent write-ups in the New York Times and New York magazine, life for some residents of 432 Park Avenue, the super-tall, super-luxe condo tower overlooking Central Park on the corner of Park Avenue and 57th St. in Midt…
Since the second week of January, many co-op boards have been busy working with their banks to complete Paycheck Protection Program (PPP) applications. The inclusion of co-ops in the Fed’s forgivable loan program was the result of a joint e…
As we all know - and are probably sick of hearing at this point - the past year has been a time like no other. Many of us who regularly work in offices have been working from home, many for the first time. Does that qualify us for the same…
Q: This question is on behalf of my neighbor. We own shares in a co-op in Long Island. She has had extensive water damage and now has mold in her unit. She emails the property manager and president of board to no avail. It’s been like this …
On January 21, 2021, President Biden issued an executive order requiring that employers receive revised guidance for workplace safety during the COVID-19 pandemic. In response to this order, the Occupational Safety and Health Administratio…
You may have heard that co-ops can now obtain loans under the federal government’s Paycheck Protection Program (PPP) as a result of their being included in the new Stimulus Bill. The rules governing the inclusion have finally been released …
When the State of New York passed the Housing Stability and Tenant Protection Act (HSTPA) in June 2019, legislators may not have envisioned that the law would have repercussions for co-op and condo owners - but in fact it did just that. T…